BidaskClub upgraded shares of VEON (NASDAQ:VEON) from a sell rating to a hold rating in a report released on Tuesday.
A number of other research analysts also recently issued reports on the company. VTB Capital downgraded VEON from a buy rating to a hold rating and set a $2.80 price objective on the stock. in a research note on Wednesday, January 16th. ValuEngine raised VEON from a hold rating to a buy rating in a research note on Monday, November 12th. Finally, Zacks Investment Research raised VEON from a sell rating to a hold rating in a research note on Saturday, March 9th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $3.27.
Shares of NASDAQ:VEON opened at $2.53 on Tuesday. The stock has a market capitalization of $4.37 billion, a PE ratio of 42.17 and a beta of 1.82. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.67 and a current ratio of 0.71. VEON has a 1 year low of $2.17 and a 1 year high of $3.14.
The company also recently declared an annual dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 8th will be paid a dividend of $0.17 per share. This represents a yield of 6.94%. The ex-dividend date is Thursday, March 7th. VEON’s dividend payout ratio (DPR) is currently 450.00%.
Hedge funds have recently bought and sold shares of the stock. Morgan Stanley raised its stake in VEON by 14.0% during the 3rd quarter. Morgan Stanley now owns 21,882,958 shares of the Wireless communications provider’s stock worth $63,461,000 after buying an additional 2,695,007 shares during the period. Gabelli Funds LLC raised its stake in VEON by 2.2% during the 4th quarter. Gabelli Funds LLC now owns 2,526,000 shares of the Wireless communications provider’s stock worth $5,911,000 after buying an additional 54,000 shares during the period. KBC Group NV increased its holdings in VEON by 20.6% during the 4th quarter. KBC Group NV now owns 1,320,091 shares of the Wireless communications provider’s stock worth $3,089,000 after purchasing an additional 225,241 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in VEON by 17.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,957,293 shares of the Wireless communications provider’s stock worth $11,483,000 after purchasing an additional 598,227 shares in the last quarter. Finally, Fosun International Ltd bought a new stake in VEON during the 3rd quarter worth approximately $1,916,000. 14.81% of the stock is currently owned by institutional investors and hedge funds.
VEON Company Profile
VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of traditional and broadband mobile and fixed line technologies. The company provides mobile telecommunications services under contract and prepaid plans for corporate and consumer segments; value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile Internet, downloadable content, mobile finance, machine-to-machine, and other services; national and international roaming services; and mobile bundles.
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